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Sinopec Engineering Group Co Ltd. Capital/Financing Update 2013

Oct 25, 2013

14896_rns_2013-10-25_1e874e26-09b9-4c0c-9523-1797eea80ac5.pdf

Capital/Financing Update

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

UNIVERSE INTERNATIONAL HOLDINGS LIMITED 寰宇國際控股有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 1046)

COMPLETION OF PLACING OF UNLISTED WARRANTS UNDER GENERAL MANDATE

Placing Agent

Astrum Capital Management Limited

The Board is pleased to announce that the condition precedent of the Placing Agreement had been fulfilled and the completion of the Placing took place on 25 October 2013 whereby Warrants entitling the holders thereof to subscribe in cash up to an aggregate amount of HK$85,500,000 for the Warrant Shares at an initial subscription price of HK$0.250 per Warrant Share (subject to adjustments) had been placed to not less than six Placees at an Issue Price of HK$0.0025 per unit of Warrant.

Reference is made to the announcement of the Company dated 16 September 2013 (“ Announcement ”). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board is pleased to announce that the condition precedent of the Placing Agreement had been fulfilled and completion of the Placing took place on 25 October 2013 whereby Warrants entitling the holders thereof to subscribe in cash up to an aggregate amount of HK$85,500,000 for the Warrant Shares at an initial subscription price of HK$0.250 per Warrant Share (subject to adjustments) had been placed to not less than six Placees at an Issue Price of HK$0.0025 per unit of Warrant. To the best knowledge and belief of the Directors, each of the Placees and its ultimate beneficial owner(s) is an Independent Third Party.

  • for identification purposes only

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The Company received net proceeds of approximately HK$0.6 million from the issue of the Warrants, and are intended to be used by the Company as general working capital of the Group. Upon the exercise in full of the subscription rights to be attached to the Warrants at the initial Subscription Price, the Company will receive an additional amount of HK$85.5 million. The Company intends to use such proceeds for general working capital and for development of new investment opportunities.

Based on the initial Subscription Price of HK$0.250 per Warrant Share and assuming that there will not be any change in the issued share capital of the Company before the exercise of the subscription rights attached to the Warrants in full (other than the issue of the Warrant Shares), upon the exercise of the subscription rights attaching to the Warrants in full, 342,000,000 Warrant Shares will be issued, representing approximately 19.95% of the existing issued capital of the Company and approximately 16.64% of the issued capital as enlarged by the allotment and issue of the Warrant Shares.

On behalf of the Board Lam Shiu Ming, Daneil Chairman and Executive Director

Hong Kong, 25 October 2013

As at the date of this announcement, the Board comprise of Mr. Lam Shiu Ming, Daneil, Mr. Hung Cho Sing, Mr. Yeung Kim Piu and Mr. Lam Kit Sun as executive Directors and Mr. Ng Kwok Tung, Dr. Leung Shiu Ki, Albert, Mr. Ma Chun Fung, Horace and Mr. Lam Wing Tai as independent non-executive Directors.

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